Hyper Automation Market Report: Trends, Forecast and Competitive Analysis to 2030

Hyper Automation Trends and Forecast

The future of the global hyper automation market looks promising with opportunities in the BFSI, IT & telecom, retail, education, manufacturing, automotive, and healthcare & life science markets. The global hyper automation market is expected to reach an estimated $22.7 billion by 2030 with a CAGR of 12.2% from 2024 to 2030. The major drivers for this market are surge in demand for robotic process automation (RPA) technology worldwide, increasing demand for enhanced operational effectiveness and financial savings, and rising demand for improved customer experience and personalized services.

A more than 150-page report is developed to help in your business decisions.

Hyper Automation by Segment

The study includes a forecast for the global hyper automation by component, technology, function, end use industry, and region.

Hyper Automation Market by Component [Shipment Analysis by Value from 2018 to 2030]:

• Hardware
• Software
• Services

Hyper Automation Market by Technology [Shipment Analysis by Value from 2018 to 2030]:

• Robotic Process Automation (RPA)
• Biometrics
• Natural Learning Generation
• Context-Aware Computing
• Chatbots
• Machine Learning
• Other Technologies

Hyper Automation Market by Function [Shipment Analysis by Value from 2018 to 2030]:

• Marketing & Sales
• Finance & Accounting
• Human Resources (HR)
• Operations & Supply Chain
• Information Technology (IT)

Hyper Automation Market by End Use Industry [Shipment Analysis by Value from 2018 to 2030]:

• BFSI
• IT & Telecom
• Retail
• Education
• Manufacturing
• Automotive
• Healthcare & Life Science
• Others

Hyper Automation Market by Region [Shipment Analysis by Value from 2018 to 2030]:

• North America
• Europe
• Asia Pacific
• The Rest of the World

List of Hyper Automation Companies

Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies hyper automation companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the hyper automation companies profiled in this report include-

• ALTERYX
• SolveXia
• Mitsubishi Electric Corporation
• Catalytic Company
• Automation Anywhere
• Tata Consultancy Services
• Wipro
• Honeywell International
• OneGlobe
• Allerin Tech

Hyper Automation Market Insights

Lucintel forecasts that hardware will remain the largest segment over the forecast period because the automation solutions provide various advantages, such as heightened quality, efficiency, and error reduction in manufacturing processes owing to their expandability, mobility, and adaptability.

Within this market, IT & telecom will remain the largestsegment over the forecast period as integrating robotic process automation (RPA) assists telecom companies in streamlining operational tasks and concurrently establishing sustainable revenue streams by giving fast, cost-effective, and high-quality services.

North America will remain the largest region over the forecast period due to growing need for enhanced operational efficiency, reduced business operating expenses, and the rapid expansion of digitization in this region.

Features of the Global Hyper Automation Market

Market Size Estimates: Hyper automation market size estimation in terms of value ($B).

Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.

Segmentation Analysis: Hyper automation market size by component, technology, function, and region in terms of value ($B).

Regional Analysis: Hyper automation market breakdown by North America, Europe, Asia Pacific, and Rest of the World.

Growth Opportunities: Analysis of growth opportunities in different components, technologies, functions, and regions for the hyper automation market.

Strategic Analysis: This includes M&A, new product development, and competitive landscape of the hyper automation market.

Analysis of competitive intensity of the industry based on Porter's Five Forces model.

FAQ

Q.1 What is the hyper automation market size?

Answer: The global hyper automation market is expected to reach an estimated $22.7 billion by 2030.

Q.2 What is the growth forecast for hyper automation market?

Answer: The global hyper automation market is expected to grow with a CAGR of 12.2% from 2024 to 2030.

Q.3 What are the major drivers influencing the growth of the hyper automation market?

Answer: The major drivers for this market are surge in demand for robotic process automation (RPA) technology worldwide, increasing demand for enhanced operational effectiveness and financial savings, and rising demand for improved customer experience and personalized services.

Q4. What are the major segments for hyper automation market?

Answer: The future of the hyper automation market looks promising with opportunities in the BFSI, IT & telecom, retail, education, manufacturing, automotive, and healthcare & life science markets.

Q5. Who are the key hyper automation market companies?

Answer: Some of the key hyper automation companies are as follows:

• ALTERYX
• SolveXia
• Mitsubishi Electric Corporation
• Catalytic Company
• Automation Anywhere
• Tata Consultancy Services
• Wipro
• Honeywell International
• OneGlobe
• Allerin Tech

Q6. Which hyper automation market segment will be the largest in future?

Answer: Lucintel forecasts that hardware will remain the largest segment over the forecast period because the automation solutions provide various advantages, such as heightened quality, efficiency, and error reduction in manufacturing processes owing to their expandability, mobility, and adaptability.

Q7. In hyper automation market, which region is expected to be the largest in next 5 years?

Answer: North America will remain the largest region over the forecast period due to growing need for enhanced operational efficiency, reduced business operating expenses, and the rapid expansion of digitization in this region.

Q.8 Do we receive customization in this report?

Answer: Yes, Lucintel provides 10% customization without any additional cost.

This report answers following 11 key questions:

• Q.1. What are some of the most promising, high-growth opportunities for the hyper automation market by component (hardware, software, and services), technology (robotic process automation (RPA), biometrics, natural learning generation, context-aware computing, chatbots, machine learning, and other technologies), function (marketing & sales, finance & accounting, human resources (HR), operations & supply chain, and information technology (IT)), end use industry (BFSI, IT & telecom, retail, education, manufacturing, automotive, healthcare & life science, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
• Q.2. Which segments will grow at a faster pace and why?
• Q.3. Which region will grow at a faster pace and why?
• Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
• Q.5. What are the business risks and competitive tHReats in this market?
• Q.6. What are the emerging trends in this market and the reasons behind them?
• Q.7. What are some of the changing demands of customers in the market?
• Q.8. What are the new developments in the market? Which companies are leading these developments?
• Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
• Q.10. What are some of the competing products in this market and how big of a tHReat do they pose for loss of market share by material or product substitution?
• Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?